Little Falls transcript., 1887-03-25
Good Times Coming.

. Good Times Coming.
From the st. Paul Dispatch. RI T. : s..z.2 j.
The general sentiment among business
men is that the distribution among
spring and summer proiucis has set in
in earnest. Thisis shown by commercial.
financial and railroad returns. Last
weeks bank clearings from So cities
3shewns m increase overtAe same week
las, year ol t6ts per cent Business,
however, would be larger than it is
were It rot for the uncertainty as to
freignts. Shippers, manufacturers aud
business men generally are most
anxiously awaiting the fixing Of the
freight rates. Spectators are waiting
fol opportunities 70 pile up Sfortun es out
Of the ebbes and fevsTFof trade. The
indications in iron, steel and lumber
point to slight weakening, and to an
advance IN wheat. For every So bushels
Of wheat and -four exported last season,
73 bushe}stwere exported during the pre-
vious one from the Atlantic ports. "Cor>
ners' are tue lalk Of the street,
i The commercial world is full of
activity. Production is heavy, but the
demands OF the people on both sides of
Atlantic will keep all prices firm and
keep cars, locbm0tives, slips, wheels
and engines and machinery of all kinds
busy. The financial centers show re-
ductions Of money and bank rates are
advancing, An excellent.
DEMAND FOR FUNDS
is repaired all arouad. The possibility
OF dangerous financial stringency is
kept in sight. The railroad builders
have engaged $4,000 foreigners TO begin
work on about 1000 miles of road in
April. Extensive railroad combinations
are projected, OF which the arrested B.
& O. combination is a sample. Jay
Gould has in view the consolidation of
the Missouri Pacific system and Tie
St. L,uis and San Francisco system.
The rail mills have inquiries forx over
100000 tons of rail. Prices, $39 to $40.
The industries Of the country are on a
sound footing. Labor that has been idle
all winter is being called in. So far
very few strikes have taken place this
month. Twenty Thousand coal miners
along the Atlantic coast have had 20
per cent, advance in wages, and the price
ofcoal has been advanced to cover this.
. Within year anthracite coal has been
advanced about 81 per ton.
A general advance has taken place in
raw material, but
FINISHED PRODUCTS
have not in all cases fully showed it.
Middle men are making more complaints
on this score. The iron mills and turn-
aces are everywhere oversold. Nails
have been advanced to $3.50 in car loads
lots east, $2.70 in the west. Bar iron is
selling at western mills at cents, and
at eastern mills at 10 2.10 cents Plate,
tank, shell, pipe and merchant steel
orders are ahead. Of production for
several weeks. British iron, Steel and
cutlery manufacturers are all busy, but
coal and lator is advancing and German
competition is Gro wding them very
closely.
Over $4,000 miners are on q strike,
and iron workers are threatening to
demand an advance. War scare is over
Generally speaking the industrial situa-
,tion in q reat Britain and Europe is
improving. Colonial requirements are
increasing their demands. Mills and
factories are crowded with orders. The
entire world is earning and eating more,
and is buying more products of Gotten
and wool.
A veritable real estate and house
building boom has set in. Thirty mil.
lion dollars will be invested in New
York this year; 1000 houses will be
erected in Philadelphia, Chicago, St
Louis, ST. Paul, Kansas City, and other
western cities are all starting into ex
traordinary' building activity.